Share price of Rafale maker “Dassault Aviation” drops 10pc after PAF downed French jet

Despite the recent ceasefire between India and Pakistan, the shares of French defense manufacturer Dassault Aviation — the producer of the advanced Rafale fighter jets — have suffered a notable decline in the stock market.

As of today, Dassault Aviation’s stock has dropped by 5.59%, extending a downward trend that has persisted over the past week. Over the last five trading days, the company’s share price has fallen by approximately 10.33%, sparking investor concerns and generating buzz across the global defense industry.

This sharp dip follows a significant escalation in India-Pakistan tensions, during which the Pakistan Air Force (PAF) carried out a high-profile counter-offensive in retaliation to alleged Indian aggression. In this operation, the PAF reportedly shot down five Indian aircraft and drones — including three Rafale jets, all built by Dassault Aviation.

The incident not only posed a strategic setback for India’s defense credibility but also cast doubts over the Rafale’s performance in actual combat situations, prompting international debate and scrutiny within defense circles.